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Fire Tube Chemical Boiler Market Size – By Product (Fire-Tube, Water-Tube), By Capacity, By Fuel (Natural Gas, Oil, Coal), By Regional Outlook & Forecast, 2024 – 2032

  • Report ID: GMI9840
  • Published Date: Jun 2024
  • Report Format: PDF

Fire Tube Chemical Boiler Market Size

Fire Tube Chemical Boiler Market was valued at USD 1.14 billion in 2023 and is set to grow at a CAGR of 4.4% from 2024 and 2032. The growing inclination toward cleaner energy systems along with rapid advancements in boiler units focused on improving efficiency and reducing emissions will proliferate the business landscape. Rapid industrialization and urbanization in emerging economies in line with increasing investment in energy infrastructure will strengthen the industry prospects.
 

Fire Tube Chemical Boiler Market

Stringent environmental standards emphasizing energy efficiency coupled with upgrading and enhancement of existing boiler systems will augment the business outlook. The increasing focus on energy-efficient heating technologies along with the integration of advanced digital solutions in boiler units will drive product adoption. Additionally, ongoing industrial expansion and refurbishment combined with growing demand for efficient and reliable steam generation units will positively impact the chemical boiler market.
 

Fire Tube Chemical Boiler Market Trends

The industry is poised for significant growth driven by supportive environmental measures and policies along with favorable regulations targeting the reducing GHG emissions. Escalating energy prices in conjunction with the shift toward cleaner energy systems will augment the industry scenario. Rapid economic growth and burgeoning industrialization sectors across key geographies in line with continuous innovation in boiler technology will further accelerate the adoption of industrial boilers.
 

Fire Tube Chemical Boiler Market Analysis

Fire Tube Chemical Boiler Market Size, By Capacity, 2022 - 2032 (USD Million)

The < 10 MMBtu/hr capacity fire tube chemical boiler will exceed USD 500 million by 2032. This range of boiler are engineered to deliver high efficiency in across small applications, significantly reducing operational costs and fuel consumption. Paradigm shift toward energy efficient and environmentally friendly heating systems combined with integration of smart control technologies will enhance the business landscape. Moreover, increasing investment by the key industry private and public players to upgrade boiler capabilities with new environmental regulations and efficiency measures will invigorate the demand for these units.
 

Fire Tube Chemical Boiler Market Revenue Share, By Technology, 2023

The non-condensing fire tube chemical boiler market is anticipated to grow at a CAGR of over 4% through 2032, on account of their high energy efficiency and lower greenhouse gas emissions. The shift toward automation and digitalization in industrial processes coupled with incorporation of advanced control systems is influencing the industry scenario. Moreover, continuous expansion and development of small and medium-sized enterprises (SMEs) in the chemical industry along with growing focus on minimizing operational cost will cater the energize product penetration.
 

Asia Pacific Fire Tube Chemical Boiler Market Size, 2022 - 2032 (USD Million)

Asia Pacific fire tube chemical boiler market is set to surpass USD 900 million by 2032, driven by increasing emphasis on energy efficiency in ongoing industrial operations. Stringent regulations mandates pertaining toward adoption of cleaner technologies along with proactive government policies aimed at reducing emissions, which in turn will propel the industry potential. Furthermore, the expansion of industrial zones and urban areas coupled with surging incorporation of renewable energy sources with existing boiler systems will amplify the business growth.
 

U.S. fire tube chemical boiler market is set to robust growth on account of stringent government regulations and rising energy cost. Favorable government incentives programs, advanced technological systems, and upgradation of industrial infrastructure will foster the adoption of these efficient boilers. Ongoing innovations in boiler technology comprising of combustion systems and heat exchangers in line with supportive state and federal level incentives & rebate programs will sway the industry outlook.
 

Fire Tube Chemical Boiler Market Share

Fire Tube Chemical Boiler Company Market Share Analysis, 2023

Thermax manufactures and design cooling and heating systems, industrial refrigeration, air conditioning & process cooling and heating. The company’s energy portfolio comprises of boiler & heater, absorption cooling, solar, cogeneration plants include coal, biomass & natural gas and waste heat recovery power. Its boiler and heater. Its boiler and heater segment includes waste to energy boilers, oil, gas & biomass fired boilers, waste heat recovery boilers & fixed plate type AFBC boilers. Thermax product portfolio contains steam boilers, solid fuels, thermic fluid heater, hot water & hot air heater, waste HRB & energy plant.
 

Fire Tube Chemical Boiler Market Companies

The key industry players include:

  • ALFA LAVAL
  • Ariston Holding N.V.
  • Babcock & Wilcox Enterprises, Inc.
  • Babcock Wanson
  • BM GreenTech Berhad
  • Bosch Industriekessel GmbH
  • Clayton Industries
  • Cleaver-Brooks
  • Cochran
  • Forbes Marshall
  • Miura America Co., LTD.
  • Rentech Boiler Systems, Inc.
  • Thermax Limited
  • Thermodyne Boilers
  • Viessmann
     

Fire Tube Chemical Boiler Industry News

  • In February 2024, Miura launched the Miura Care Program, an advanced preventative boiler maintenance initiative in collaboration with Hartford Steam Boiler. Miura Care ensures a comprehensive and seamless maintenance experience, guaranteeing unparalleled protection for the boiler system. In addition, Miura and its partnering representatives introduce a program enhanced by cutting-edge Internet of Things (IoT) technology for preventive and predictive maintenance.
     
  • In September 2023, Babcock Wanson successfully executed a project to supply steam, utilizing its BWD30 fire tube boiler at IRC Cucina's newly established central kitchen in Trafford Park. It is equipped with the company’s BW7DAYS boiler operating system, featuring automatic dissolved solids control, and the advanced NAVinergy remote monitoring capabilities, the BWD30 boiler ensures seamless operation and peace of mind for IRC Cucina.
     

This fire tube chemical boiler market research report includes in-depth coverage  of the industry with estimates & forecast in terms of “Units”, “MMBtu/hr” & “USD Million” from 2021 to 2032, for the following segments:

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Market, By Capacity

  • < 10 MMBtu/hr
  • 10 - 25 MMBtu/hr
  • 25 - 50 MMBtu/hr
  • 50 - 75 MMBtu/hr
  • 75 - 100 MMBtu/hr
  • 100 - 175 MMBtu/hr
  • 175 - 250 MMBtu/hr
  • > 250 MMBtu/hr

Market, By Technology

  • Condensing
  • Non-condensing

Market, By Fuel

  • Natural gas
  • Oil
  • Coal
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico 
  • Europe
    • France
    • UK
    • Poland
    • Italy
    • Spain
    • Austria
    • Germany
    • Sweden
    • Russia
  • Asia Pacific
    • China
    • India
    • Philippines
    • Japan
    • South Korea
    • Australia
    • Indonesia
  • Middle East & Africa
    • Saudi Arabia
    • Iran
    • UAE
    • Nigeria
    • South Africa
  • Latin America
    • Argentina
    • Chile
    • Brazil

 

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The fire tube chemical boiler market was valued at USD 1.14 billion in 2023 and is set to grow at 4.4% CAGR during 2024 to 2032, owing to the flourishing chemical sector.

Non-condensing fire tube chemical boiler market is anticipated to grow at over 4% CAGR through 2032 on account of their high energy efficiency and lower greenhouse gas emissions.

Asia Pacific fire tube chemical boiler market will surpass USD 900 million by 2032 driven by increasing emphasis on energy efficiency and ongoing industrial operations.

ALFA LAVAL, Ariston Holding N.V., Babcock & Wilcox Enterprises, Inc., Babcock Wanson, BM GreenTech Berhad, Bosch Industriekessel GmbH, Clayton Industries, Cleaver-Brooks, Cochran, and Forbes Marshall among others.

Fire Tube Chemical Boiler Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 105
  • Countries covered: 27
  • Pages: 60
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